Term Life
Term life insurance is a policy with a set length of coverage. These plans also have low, level premiums, making them within the reach of nearly any family seeking to protect their loved ones’ financial future.
Term Life Insurance
Term life insurance is a form of life insurance with a policy that is in force for a set period of time. This period of time is usually 10, 15, 20, 25 or 30 years. Once these years pass, the policy will terminate. You may be able to convert your policy to a whole life plan if you outlive the term of your term life policy. This would increase your premiums however, as they would be recalculated for your life expectancy at the time of the term life ending.
Term life insurance is the best choice for many people seeking a plan with low premiums. You may be able to obtain the same death benefit for your beneficiaries with a lower monthly premium if you choose a term life policy rather than a whole life policy.
Benefits Of Term Life Insurance
When you sign up for a term life insurance policy, you are purchasing a death benefit for your loved ones, in the event that you die within the term of the policy. This death benefit goes to your beneficiaries in the form of a cash payment or trust if you pass away while the policy is in force.
Costs Of Term Life Insurance
The low cost of term life policies is a key benefit. The monthly premiums for term life plans are level, meaning that they never go up over the life of your policy.
However, the cost of your monthly premiums for term life is dependent on your age, health, sex, and other life expectancy factors at the time when you are purchasing the plan. The younger and healthier you are when you purchase the policy, the lower your premiums will be.
Why Purchase Term Life
Term life insurance is a great option for someone seeking low, level monthly premiums with the promise of a paid death benefit if something should happen to them during that period of time.
Term life is good for young families. When parents want to protect their children, they can purchase a term life policy that would expire when the children are financially independent. That way, the children are cared for until they can care for themselves. With the low monthly premiums, the lack of a guaranteed death benefit is less of a concern.
We Are Committed To YOU
At Jones Insurance Group, we want to take care of your insurance needs. We get a great deal of joy and job satisfaction knowing that we are helping the people we live, work, and play with get the right type of insurance that will protect them in times of need.
That's why we have access to a variety of insurance policies.
